SOL briefly tumbled to US$130; Chinaamc Solana Etf (03460.HK) slid more than 6% intraday, marking its steepest drop this month.
NewTimeSpace — Jan 19: SOL briefly slid to US$130 before bouncing back to US$134.63, down 6.55% on the day, HTX data show. NewSpace Research notes the US$145 ceiling has capped four rebound attempts in the past three months. As of 9:39 a.m., CSOP SOL (03460.HK) was off more than 6% intraday—its steepest drop this month.
A horizontal scan of past coverage shows SOL has repeatedly tested US$130 between 2024 and 2025—early Sept 2024, late Feb 2025 and mid-Mar 2025—each decline landing in the 2.5–6.5% range.
From a crypto-market perspective, the latest probe of US$130 is eye-catching but hardly isolated. Over the past two years this figure has alternately served as resistance and as a makeshift floor, signalling a crowded zone of consensus and liquidity.
HKEX filings show Chinaamc Solana Etf(03460.HK), launched by CSOP Asset Management (Hong Kong), is the city’s first spot-Solana ETF and the third crypto-spatial ETF approved by the SFC after BTC and ETH products. Listed 8 Jul 2025, USD-denominated, board-lot 10, T+0 enabled. The fund holds 100% physical SOL in cold-storage wallets under OSL multi-sig custody; addresses are published daily.
J.P. Morgan argues that, compared with earlier cycles, institutional players now face an environment where rules are being clearly defined rather than feared. U.S. draft legislation such as the Clarity Act could streamline custody standards, boost transparency and reduce legal grey zones—factors that matter far more to large asset allocators than near-term volatility.
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